Baltic index falls on biggest capesize dip in over two years

Aug 18 (Reuters) - The Baltic Exchange's main sea freight index .BADI fell on Thursday as capesize vessel rates saw their biggest daily plunge since the onset of the COVID-19 pandemic, in May 2020.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 74 points, or 5.3%, at 1,320 points, marking its worst day in two weeks.

* The capesize index .BACI shed 216 points, or about 20%, its worst decline since May 28, 2020, at 867 points.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $1,790 at $7,188.

* Dalian iron ore tumbled to a three-week low, while prices of the steelmaking ingredient were volatile in Singapore, pressured by worries about weak steel demand and rising supply in China.

* The panamax index .BPNI , which has not seen a single day of gains since July 25, lost 56 points, or 3.1%, at 1,749 points.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, decreased $504 to $15,738.

* The world's second largest corn exporter Argentina's planting area for the upcoming 2022/2023 harvest is expected to shrink 2.6% from the previous cycle, due to falling profitability of the crop and low soil moisture, a top grains exchange reported on Wednesday.

* The supramax index .BSIS gained 39 points to 1,698 points, rising for the fifth consecutive session on its best day in over five months.
Reporting by Harshit Verma in Bengaluru; Editing by Shinjini Ganguli

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。